Green River, WY Home Insurance
Green River home insurance gives you peace of mind by protecting your most important asset.
Green River, Wyoming, is a small city of about 12,000 residents located in the southern part of the state. Salt ash mining represents the town's main industry, and it's also a major site of oil and gas extraction. Green River hosts an annual Flaming Gorge Days festival that features musical performances, sporting events and races. The low cost of living and family-friendly atmosphere attract many new homebuyers to this distinctive community, which also has a wealth of restaurants, museums and historic sites.
Sperling's Best Places reports that Green River has a median home price of just under $244,000. a significant savings from the national median price of $338,000. Residential properties have appreciated by more than 52% over the past 10 years, and annual appreciation is currently at an above-average 14.45%.
If you're thinking about buying a home in Green River, you'll find a large selection of properties from the 1970s. More than a third of residential construction in the city dates to this decade. Houses built in the 80s are also common (21.5%). About 12% of homes here have been constructed since the 2000s and the same amount are from the 1990s.
About half of properties in Wyoming have a notable wildfire risk, particularly during dry seasons. If you're concerned about the possible impact of fire on your Green River home, check your policy for exclusions. Most standard homeowners insurance coverage does pay for fire damage, as well as issues caused by hailstorms, heavy snow and other forms of severe weather.
Some parts of Wyoming may also experience earthquake or flood damage, which don't fall into the typical home insurance policy. If your property is vulnerable to these issues, consider purchasing a flood or earthquake rider. You can compare the costs on the comprehensive coverage you need with VIU by HUB.
According to data from The Ascent, Green River home insurance costs an average of $1,102 per year. In comparison, the national average is about $1,787. Many factors affect your actual home insurance premiums. For example, new homes tend to cost less to insure than older homes, so the city's relatively recent construction helps bring costs down. The city also has a very low rate of property crimes. Your credit, the value of your home and your history of claims also impact your rates.
The rate of claims in your neighborhood also contributes to your policy costs. If you live on a street that has a higher-than-average crime rate or has been hit by several storms, you could see your premiums climb. That's why it's so important to compare rates across multiple providers with VIU by HUB's online quote tool.
State law doesn't require home insurance, but most people should plan to purchase dwelling and liability coverage. Your mortgage company probably requires these policies if you have a home loan. Dwelling insurance pays for the repair or replacement of your property after a covered event. Liability insurance covers legal and medical costs if someone experiences a serious injury at your home.
You can save money on Green River home insurance by checking out rates from multiple providers with VIU by HUB. Our tool makes it fast and easy to search for more affordable coverage.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
